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Search: Posts Made By: Des Dimona
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4th Oct 2021, 08:56
Replies: 232
Views: 46,776
Posted By Des Dimona

L1011 Tristar best large aircraft I have flown....

L1011 Tristar best large aircraft I have flown. Great to fly, and typical Lockheed, built like a tank.

Chipmunk is the standout light aircraft for me.
18th Apr 2021, 08:18
Replies: 161
Views: 38,781
Posted By Des Dimona

It does when a TCAS alert is generated

It does when a TCAS alert is generated
17th Apr 2021, 09:47
Replies: 161
Views: 38,781
Posted By Des Dimona

Another bizarre Airservices accomplishment is...

Another bizarre Airservices accomplishment is Avalon, where a tower controller clears an IFR aircraft for take-off in Class D airspace and the aircraft then has to fend for itself between 2500 and...
13th Sep 2020, 23:44
Replies: 67
Views: 17,878
Posted By Des Dimona

Has this aircraft got Tamarack winglets?

Has this aircraft got Tamarack winglets?
13th Sep 2020, 02:43
Replies: 67
Views: 17,878
Posted By Des Dimona

That's 120,000 ft per minute - I don't think so. ...

That's 120,000 ft per minute - I don't think so.

The aircraft would be in a million pieces at that V/S.
25th Jun 2020, 07:29
Replies: 1,145
Views: 394,697
Posted By Des Dimona

Can't think of any mine sites that the A320...

Can't think of any mine sites that the A320 currently operates into that a 737 couldn't do the same. Anyone else?

BTW - Cocos Island will handle just about any aircraft. A 737 ain't a problem....
22nd Jun 2020, 22:52
Replies: 1,145
Views: 394,697
Posted By Des Dimona

The problem with this if it goes to court is that...

The problem with this if it goes to court is that there is not enough cash to keep the thing running in the event of a protracted dispute. The risk of liquidation is increased ?

Very messy.
14th Jun 2020, 10:11
Replies: 1,145
Views: 394,697
Posted By Des Dimona

Whatever you think of Terry's opinion, I believe...

Whatever you think of Terry's opinion, I believe he has nailed the "modus operandi" of private equity organisations - rip cash out of a very high cash flow business then re-float and sell.
11th Jun 2020, 10:42
Replies: 1,145
Views: 394,697
Posted By Des Dimona

Let alone the comparison between Ansett and the...

Let alone the comparison between Ansett and the odious Tesna Fiasco. Insert Bain and Cyrus for Tesna. They (Virgin and Ansett) will end up not being all that different. Bain and Cyrus both want...
2nd Jun 2020, 22:23
Replies: 93
Views: 35,320
Posted By Des Dimona

LOOKLEFT - Spot on. All I can say to the...

LOOKLEFT - Spot on.

All I can say to the guys and gals at Virgin is good luck if Carla gets her hands on the wheel. Most importantly, you'll have a job, but you'll also be in for quite a ride....
31st May 2020, 01:16
Replies: 118
Views: 54,622
Posted By Des Dimona

The reality is that it's dollars only that drives...

The reality is that it's dollars only that drives this forward. Any of these bidders will be looking at a quick turnover and sale because that's the way they operate. Does not matter what the...
25th May 2020, 21:37
Replies: 1,266
Views: 524,942
Posted By Des Dimona

If that's indeed correct (anyone who can...

If that's indeed correct (anyone who can accurately comment on this ???), then any new entity won't be up and running before 2021. This may not be a bad thing as the domestic market will be much...
25th May 2020, 10:30
Replies: 1,266
Views: 524,942
Posted By Des Dimona

The VAH board had their head in the sand for...

The VAH board had their head in the sand for years, but they will be gone when the company disappears and a new entity is started.
11th May 2020, 00:01
Replies: 1,266
Views: 524,942
Posted By Des Dimona

The AFR article: KordaMentha can forget...

The AFR article:

KordaMentha can forget about playing administrator at Virgin Australia - it has a serious horse on the buy-side.

Street Talk can reveal KordaMentha, whose "two Marks" Mark...
3rd May 2020, 09:15
Replies: 60
Views: 22,812
Posted By Des Dimona

The Fokkers don't have Speys - they are RR Tays

The Fokkers don't have Speys - they are RR Tays
2nd May 2020, 01:25
Replies: 37
Views: 12,793
Posted By Des Dimona

Yes - and what a combination that was. The Laurel...

Yes - and what a combination that was. The Laurel and Hardy show on steroids. I'll leave it to others to work out who was Stan and who was Ollie. Those in the know will easily identify who was who.
...
30th Apr 2020, 04:45
Replies: 262
Views: 98,257
Posted By Des Dimona

Velocity is tied umbilically to Virgin - If...

Velocity is tied umbilically to Virgin - If Virgin goes under, Velocity is worthless.

That's what he means
30th Apr 2020, 03:49
Replies: 262
Views: 98,257
Posted By Des Dimona

Today was just a formality - the business is a...

Today was just a formality - the business is a train wreck as long as COVID is around. With limited cash and effectively no income, there isn't much time to sort this out.
26th Apr 2020, 10:19
Replies: 60
Views: 22,812
Posted By Des Dimona

I think Alliance, who are financially pretty...

I think Alliance, who are financially pretty savvy, would have to think twice about introducing another aircraft type. Their spares holding on the Fockers is very extensive and they own most of it.
24th Apr 2020, 04:59
Replies: 1,266
Views: 524,942
Posted By Des Dimona

It will be very difficult to manage this through...

It will be very difficult to manage this through a restructure, given the true debt level may rise above $7 billion. Unless there is some very creative thinking about solutions, that would make...
23rd Apr 2020, 05:05
Replies: 1,266
Views: 524,942
Posted By Des Dimona

I would imagine any private equity investor will...

I would imagine any private equity investor will want to drag this out as long as possible to achieve the lowest sale price. This will factor heavily with the administrators who have a limited time...
21st Apr 2020, 23:47
Replies: 223
Views: 84,495
Posted By Des Dimona

Sunfish - disagree. The discussion around...

Sunfish - disagree.

The discussion around realistic results and expectation after administration is definitely one of substance.
21st Apr 2020, 22:49
Replies: 223
Views: 84,495
Posted By Des Dimona

This is a more sobering and realistic assessment...

This is a more sobering and realistic assessment of the the path ahead by Ian Verrender:
...
20th Apr 2020, 01:09
Replies: 152
Views: 72,823
Posted By Des Dimona

Ask an Iraqi, an Afghani, a Syrian, a Libyan, an...

Ask an Iraqi, an Afghani, a Syrian, a Libyan, an Iranian etc if they think their own governments have any culpability in this ??
20th Apr 2020, 00:37
Replies: 1,266
Views: 524,942
Posted By Des Dimona

Get back to the reality - It's an Australian ASX...

Get back to the reality - It's an Australian ASX listed public company where shareholders won't front up with funds to keep it going. That doesn't give it any rights to preferential government...
17th Apr 2020, 09:15
Replies: 223
Views: 84,495
Posted By Des Dimona

As said above, there is no way any Private Equity...

As said above, there is no way any Private Equity Investor would touch VA until it is debt quarantined, ie, in administration. The debt has to be removed prior to a new investor coming on board.
16th Apr 2020, 01:16
Replies: 1,266
Views: 524,942
Posted By Des Dimona

Maybe the board at Brisbane Airport needs to...

Maybe the board at Brisbane Airport needs to examine the credentials of one of its members recently departed from VA and consider whether he should be replaced. :ok:
14th Apr 2020, 01:52
Replies: 130
Views: 62,294
Posted By Des Dimona

Green.Dot - Many older pilots do not have the...

Green.Dot - Many older pilots do not have the stunning amounts of super that you fantasize about. They have just as much right to continue working as younger pilots. :ugh:
13th Apr 2020, 03:31
Replies: 472
Views: 244,411
Posted By Des Dimona

Not as silly as it might sound. If the COVID...

Not as silly as it might sound. If the COVID thing is proved to be contained at an acceptable level in both countries (and it's rapidly approaching that point), then that sounds like a great idea.
...
13th Apr 2020, 03:27
Replies: 1,266
Views: 524,942
Posted By Des Dimona

Also, just the "small" issue of debt servicing...

Also, just the "small" issue of debt servicing with little or no income - doesn't add up.
12th Apr 2020, 01:42
Replies: 179
Views: 69,993
Posted By Des Dimona

In lean economic times, Qantas uses Jetstar...

In lean economic times, Qantas uses Jetstar domestic more because of the low operating cost base compared to mainline.

When times are good, the profit margin is greater on domestic mainline and...
3rd Apr 2020, 00:12
Replies: 825
Views: 458,459
Posted By Des Dimona

In the absence of funding from any last resort...

In the absence of funding from any last resort lenders, that's why the company needs to be put into administration now, particularly to preserve employee payouts.

The silence from Scurrah is...
1st Apr 2020, 21:16
Replies: 5
Views: 5,523
Posted By Des Dimona

To date, no money from the government has reached...

To date, no money from the government has reached any regional operator.
1st Apr 2020, 21:13
Replies: 38
Views: 16,749
Posted By Des Dimona

and pigs might fly as well:ugh:

and pigs might fly as well:ugh:
31st Mar 2020, 21:11
Replies: 825
Views: 458,459
Posted By Des Dimona

Virgin notes (ASX: VAHHA) are trading at less...

Virgin notes (ASX: VAHHA) are trading at less than 50% with a market capitalisation of < $ 500 million. There is no capacity to generate enough income to trade out of this while COVID is around.
...
Showing results 1 to 35 of 100
 


 
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